|Bid||37.55 x 800|
|Ask||37.62 x 800|
|Day's range||36.21 - 39.75|
|52-week range||33.26 - 124.90|
|Beta (5Y monthly)||1.48|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Century 21 CEO Mike Miedler joins Yahoo Finance Live to discuss the housing market, home inventory, rising mortgage rates, and the wave of millennials entering the market.
Real estate stocks sometimes get an "income investors only" rap. Real estate investment trusts (REITs) are the most popular way to invest in real estate, and they typically pair low growth with high dividends. REITs are required to pay out 90% of their net income as dividends.
As is the case with many tech stocks, Redfin's decline is partly attributable to the plunge in the Nasdaq-100 index, which is now in a bear market, having lost 28.3% of its value. Selling a home is no simple process, which is why most people engage the expertise of a professional real estate broker and are willing to pay a listing fee as high as 2.5% of the sale price. Most brokers work within small agencies and build a market presence in one specific geographic location, and while this has many benefits, it caps growth potential and makes it hard to create a scalable business.